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Business

Farfetch owner Coupang to dish out 1.2 billion dollars in compensation following cyber attack

Coupang, the parent company of Farfetch, has said it will be dishing out approximately 1.685 trillion won (around 1.2 billion dollars) in compensation to customers impacted by a cyber incident that saw 33.7 million accounts accessed. In an SEC filing, Coupang stated that starting January 15 vouchers will be issued via a customer compensation...

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Retail

How to manage privacy risks and customer impact following a data breach like Dior's

French luxury fashion house Dior recently confirmed that it was the victim of a data breach last week in a message sent to those affected, which saw the personal information of some of its customers compromised. The incident saw an unauthorized party access part of the client data bases LVHM-owned brand, exposing customers’ names, mobile phone...

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